Which came closer to its stated multiple, CRWC or CRWL?

Over the window to Sep 30, 2026, CRWC finished 2.7 points from what its multiple implies and CRWL finished 14.1 points from its own, so CRWC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CRWC and CRWL levered on the same thing?

Yes. Both are levered on CrowdStrike, CRWC at +2 times and CRWL at +2 times the daily move.

Which one decays faster, CRWC or CRWL?

Decay follows how much the underlying moves about. Over this window CRWC’s moved at 68% annualized and CRWL’s at 72%, so CRWL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold CRWC or CRWL for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, CRWC or CRWL?

CRWC charges 0.45% a year and CRWL charges 1.50%, so CRWC is cheaper. Fees come from each fund's prospectus.

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CRWC vs CRWL: which held to its multiple?

Over the days both have traded, CRWC finished 2.7 points from its stated multiple and CRWL 4.0. Corgi CRWD 2x Daily ETF and GraniteShares 2x Long CRWD Daily ETF.

+40.5%

CRWC returned, since launch

+60.0%

CRWL returned, 3 months

−10.7 pts

CRWC from its stated multiple

−14.1 pts

CRWL from its stated multiple

CRWC · 1 month to Sep 30, 20262.7 pts short of its stated multiple

CRWC returned +26.5% while 2 times CRWD's move would have been +29.2%

CRWL · 3 months to Sep 30, 202614.1 pts short of its stated multiple

CRWL returned +60.0% while 2 times CRWD's move would have been +74.1%

Performance, window by window

	Total return		Multiple would give		Difference
Window	CRWC	CRWL	CRWC	CRWL	CRWC	CRWL
1 month	+26.5%	+25.2%	+29.2%	+29.2%	−2.7 pts	−4.0 pts
3 months	not published	+60.0%	not published	+74.1%	not published	−14.1 pts
6 months	not published	+443.7%	not published	not meaningful	not published	not meaningful
1 year	not published	+188.6%	not published	not meaningful	not published	not meaningful
Since launch CRWC Jul 2026 · CRWL Nov 2024	+40.5%	+317.5%	+51.3%	not meaningful	−10.7 pts	not meaningful

CRWC and CRWL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CRWC

Corgi CRWD 2x Daily ETF · Aims to return twice the daily move of CrowdStrike (CRWD)

CRWL

GraniteShares 2x Long CRWD Daily ETF · Aims to return twice the daily move of CrowdStrike (CRWD)

Issuer Corgi GraniteShares

Sets out to return +2x +2x

Underlying asset CRWD CRWD

Segment company company

Fund returned, 3 months or since launch +26.5% +60.0%

Underlying returned, over that window +14.6% +37.0%

What the stated multiple implies, over that window +29.2% +74.1%

Difference from stated, over that window −2.7 pts −14.1 pts

Fund returned, 1 year or since launch +40.5% +188.6%

Difference from stated, over that window −10.7 pts not available

Underlying volatility 68% 72%

Difference over the days both have traded −2.7 pts −4.0 pts

Expense ratio 0.45% 1.50%

Launched Jul 14, 2026 Nov 12, 2024

Net assets $1m $80m

CRWC and CRWL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CRWC in plain words

One month to Sep 30, 2026: CRWC returned +26.5% where its own daily promise gave +26.7%, 0.2 points short. Read the multiple against the whole window instead and 2 times CRWD's 14.6% implies +29.2%, which makes CRWC look 2.7 points short. 2.5 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CRWC aims to return +2 times CRWD's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. CRWD moved at 68% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

CRWL in plain words

Three months to Sep 30, 2026: CRWL returned +60.0% where its own daily promise gave +67.7%, 7.7 points short. Read the multiple against the whole window instead and 2 times CRWD's 37.0% implies +74.1%, which makes CRWL look 14.1 points short. 6.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CRWL aims to return +2 times CRWD's move each day, then resets. CRWD moved at 72% annualized over that window.

Questions people ask

Which came closer to its stated multiple, CRWC or CRWL?: Over the window to Sep 30, 2026, CRWC finished 2.7 points from what its multiple implies and CRWL finished 14.1 points from its own, so CRWC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CRWC and CRWL levered on the same thing?: Yes. Both are levered on CrowdStrike, CRWC at +2 times and CRWL at +2 times the daily move.
Which one decays faster, CRWC or CRWL?: Decay follows how much the underlying moves about. Over this window CRWC’s moved at 68% annualized and CRWL’s at 72%, so CRWL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CRWC or CRWL for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, CRWC or CRWL?: CRWC charges 0.45% a year and CRWL charges 1.50%, so CRWC is cheaper. Fees come from each fund's prospectus.

Other comparisons

CRWC on its own →CRWL on its own →How every figure is computed →Standards and sources →

Where these figures came from

CRWC filings on SEC EDGAR ↗CRWC prospectus with the expense ratio (SEC) ↗Corgi website ↗CRWL filings on SEC EDGAR ↗CRWL prospectus with the expense ratio (SEC) ↗GraniteShares page for CRWL ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CRWC against CRWL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/crwc-vs-crwl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.